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<p>[QUOTE=&quot;GDJMSP, post: 448622, member: 112&quot;]As a general rule gold circulated very little if at all - ever. During the Civil War, gold and silver coins were hoarded - paper money is what circulated the most. And it continued to do so after that.</p><p><br /></p><p>And before and after 1860, the larger silver coins - half dollars and dollars rarely circulated either. Think of the Bust halves - why do you suppose it is that well over 50,000 of them have been graded &amp; slabbed at AU50 and up ? It&#039;s because they didn&#039;t circulate - people didn&#039;t use them. And the dollar coin has never circulated - even today. People just don&#039;t like them and they never have.</p><p><br /></p><p>The coins that circulate are the cents, nickels, dimes &amp; quarters - that&#039;s it.[/QUOTE]</p><p><br /></p>

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